International Business News - CDS http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Exchange operator IntercontinentalExchange Inc. and the Clearing Corp. said Thursday they signed memorandums of understanding to develop a clearinghouse for complex insurance instruments known as credit default swaps. http://www.ibtimes.com/articles/20081030/ice-clearing-corp-to-develop-cds-clearinghouse.htm Thu, 30 Oct 2008 08:08:20 EDT A key insurance settlement relating to $400 billion in credit-default swaps on the debt of failed investment bank Lehman Brothers Holdings Inc. resulted in payments of $5.2 billion, an industry clearing organization said Wednesday. http://www.ibtimes.com/articles/20081022/lehman-cds-settlement-of-5-2-billion.htm Wed, 22 Oct 2008 16:06:14 EDT Exchange operator CME Group Inc. said Tuesday it is teaming up with Citadel Investment Group LLC to create an electronic trading platform for credit defaults swaps. http://www.ibtimes.com/articles/20081007/cme-group-citadel-to-launch-cds-trading-platform.htm Tue, 07 Oct 2008 10:19:32 EDT Vanguard Capital Inc. said Friday it is offering customers the choice of investing in an array of short-term to intermediate-term certificates of deposit with the option of buying additional FDIC insurance for the investments. http://www.ibtimes.com/articles/20080919/vanguard-capital-offers-higher-fdic-insurance.htm Fri, 19 Sep 2008 12:24:41 EDT China Direct Inc., a management consultancy and financing company focused on buying stakes in Chinese businesses, said Wednesday a previously disclosed joint venture has been granted a license by Beijing to operate its business. http://www.ibtimes.com/articles/20080917/china-direct-venture-gets-chinese-business-license.htm Wed, 17 Sep 2008 14:26:02 EDT China Direct Inc., a management consultancy and financing company focused on buying stakes in Chinese businesses, said Friday its board of directors has authorized a $2.5 million stock buyback program. http://www.ibtimes.com/articles/20080912/china-direct-announces-2-5m-stock-buyback.htm Fri, 12 Sep 2008 15:58:09 EDT Among the earnings projection stories for Tuesday, Sept. 9, from AP Financial News: MEMPHIS, Tenn. (AP)--Package delivery company FedEx Corp. said Tuesday it expects its fiscal first-quarter results will exceed expectations, but it affirmed its fiscal 2009 outlook and cut its capital spending plan. http://www.ibtimes.com/articles/20080909/outlook-roundup-fedex-verifone.htm Tue, 09 Sep 2008 18:32:27 EDT China Direct Inc., a U.S.-based investor and adviser to Chinese companies, on Tuesday reaffirmed its yearly net income guidance and said business remains favorable despite a drop in its stock price. http://www.ibtimes.com/articles/20080909/china-direct-reaffirms-yearly-net-income-outlook.htm Tue, 09 Sep 2008 15:10:33 EDT Among the earnings stories for Thursday, Aug. 7, from AP Financial News: NEW YORK (AP)--Consolidated Edison Inc. reported a steep jump in second-quarter profit Thursday, but said earnings from ongoing operations slipped. http://www.ibtimes.com/articles/20080807/earnings-roundup-consolidated-edison-inventiv.htm Thu, 07 Aug 2008 15:15:17 EDT China Direct Inc., a U.S.-based investor and adviser to Chinese companies, said Thursday its second-quarter profit more than tripled on strong growth in its business helping to supply U.S. industries with magnesium from China. http://www.ibtimes.com/articles/20080807/china-direct-earnings-triple-on-magnesium-business.htm Thu, 07 Aug 2008 13:29:39 EDT The chief executive of China Direct Inc., a U.S.-based company that advises Chinese companies seeking access to U.S. capital markets, exercised options for 41,940 shares of common stock, according to a Securities and Exchange Commission filing Friday. http://www.ibtimes.com/articles/20080512/china-direct-chief-executive-exercises-options.htm Mon, 12 May 2008 15:20:39 EDT